Aspiriant LLC Has $402,000 Stock Position in Duke Energy Corporation $DUK

Aspiriant LLC reduced its holdings in Duke Energy Corporation (NYSE:DUK) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,403 shares of the utilities provider’s stock after selling 414 shares during the period. Aspiriant LLC’s holdings in Duke Energy were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Reyes Financial Architecture Inc. increased its holdings in Duke Energy by 4.8% in the first quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 83 shares during the last quarter. Lokken Investment Group LLC increased its stake in shares of Duke Energy by 3.3% in the 1st quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 84 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of Duke Energy by 0.3% in the 1st quarter. Sheets Smith Wealth Management now owns 27,517 shares of the utilities provider’s stock valued at $3,356,000 after acquiring an additional 85 shares during the last quarter. Private Wealth Asset Management LLC boosted its stake in Duke Energy by 6.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 85 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in Duke Energy by 3.7% during the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of several analyst reports. Barclays increased their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Cowen assumed coverage on Duke Energy in a research note on Wednesday. They issued a “buy” rating for the company. Morgan Stanley dropped their price target on Duke Energy from $129.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Finally, TD Cowen began coverage on Duke Energy in a research report on Thursday. They issued a “buy” rating and a $143.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $136.77.

Duke Energy Stock Performance

DUK opened at $128.55 on Friday. The company has a market capitalization of $99.96 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 3.16 and a beta of 0.44. The business’s 50-day moving average price is $123.34 and its two-hundred day moving average price is $120.13. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $129.51. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Equities analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is currently 69.27%.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.